Feed Enzymes Market

Feed Enzymes Market by Type (Phytase, Carbohydrase, and Protease), Livestock (Poultry, Swine, Ruminants, and Aquatic Animals), Source (Microorganism, Plant, and Animal), Form (Dry and Liquid), and Region - Global Forecast to 2025

Report Code: AGI 3382 Jun, 2020, by marketsandmarkets.com
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[264 Pages Report] The global feed enzymes market size is estimated to account for USD 1.3 billion in 2020 and is projected to reach USD 1.9 billion by 2025, recording a CAGR of 8.1% during the forecast period. The market is driven primarily by the growing concern regarding animal health and the demand for an increase in the nutrient uptake of feed.

Feed Enzymes Market

COVID-19 Impact on the Global Feed Enzymes Market

The feed enzymes market includes major Tier I and II suppliers like Cargill, Incorporated, BASF SE, DuPont, Bluestar Adisseo Co., Ltd., and Koninklijke DSM NV. These suppliers have their manufacturing facilities spread across various countries across Asia Pacific, Europe, North America, South America, and RoW. COVID-19 has impacted their businesses as well. Though this pandemic situation has impacted their businesses as well, there is no significant impact on the global operations and supply chain of their feed enzymes. Multiple manufacturing facilities of players are still in operation.

  • In April 2020, BASF SE took the decision to stop its “smart Verbund project,” which was in the initial phase with a planned investment of USD 10 billion. They started the construction on a plant complex in Zhanjiang, China, in November 2019, which had stopped due to the outbreak.
  • On February 20, 2020, BEC Feed Solutions stated it had commenced work to redevelop its Carole Park location into a new state-of-the-art manufacturing facility. The new facility will feature a manufacturing plant equipped with integrated technology unique to the premix industry, a new warehouse, and adjoining contemporary two-story office building, which will significantly increase their production.

Feed Enzymes Market Dynamics

Driver: Provision of feed cost-efficiency

Feed production accounts for a major operational cost, which involves 50%–60% of the total cost in livestock production. Therefore, reducing feed costs per livestock remains a priority for every livestock rearer. The potential to improve the digestibility of feed depends largely on the nutritional value of the diet itself. It has been shown that feed can account for up to 90% of the variance in response to enzyme addition. By improving digestibility, the nutrient density of diets and production costs can be reduced. By considering the overall effect of enzymes on the indigestible dietary fraction, feed enzymes are used to maintain livestock performance, while reducing feed costs.

Restraint: Higher inclusion rates of enzymes to have adverse effects

Although feed enzymes significantly impact the growth of the livestock industry, there are physiological limits imposed by the conditions to enzyme responses in the digestive tract of livestock. Excessive levels of feed enzymes could affect the levels of endogenous enzymes in the gastrointestinal tract, with adverse effects on health. Variations in the level of this effect depend on many factors, such as age, type of diet, and enzyme inclusion rates in feed products. Feed enzymes may trigger several side effects, including vomiting, gas, diarrhea, and swelling of the legs and feet. In addition, some animals may experience allergic reactions to digestive enzymes. For instance, Bromelain, the enzyme from pineapple, has anti-platelet properties. If this enzyme is fed to livestock in excessive quantities along with feed, it could increase the risk of bleeding as acts as a blood thinner.

Opportunity: Innovation in phytase production processes

Through preliminary research, it is known that some fungi are able to grow in POME (palm oil mill effluent) and have the ability to produce phytase enzymes. The utilization of phytase enzymes containing feed products for monogastric and digastric livestock could increase the efficiency of nutrient uptake and livestock resistance to disease attacks. Palm oil mill effluent (POME) is one type of waste that has not been used widely in enzyme production. Some fungi that grow on POME indicate their capability of producing phytase. Most of the POME is disposed of and pollutes the environment. Besides, POME is one of the wastes that contain large concentrations of carbohydrates, proteins, nitrogen compounds, lipids, and minerals. Therefore, they also act as an excellent raw material for bioconversion by biotechnological techniques.

Challenge: High R&D investments

The feed industry needs high R&D investments and enzyme development and manufacturing capabilities to produce high-quality feed enzymes at globally competitive prices. They require enhanced infrastructural strength that comprises equipped labs for molecular techniques, such as metagenomics and genomics, which are used to discover new enzymes. This initially requires high investments, and the majority of the manufacturers have a limited number of R&D facilities. Therefore, this challenge can be overcome by collaborating with different R&D companies that have qualified and experienced teams. Some manufacturers also acquire companies to increase their R&D capabilities by adopting various technologies. For instance, Advanced Enzyme Technologies acquired Evoxx Technologies, to increase their R&D capabilities with the adoption of ‘Directed Evolution’ technology, which helps it create desired enzyme molecules. High investments in R&D activities is also projected to help manufacturers to launch new products frequently, thereby enabling them to produce new types of enzymes.

Feed Enzymes Market Ecosystem

Based on type, the carbohydrase segment is the fastest-growing market during the forecast period

Carbohydrase, are preferred by most animal feed manufacturers and livestock producers to be used as an enzyme. Thus, the segment is estimated to be the fastest-growing in the feed enzymes market during the forecast period.

The inclusion of carbohydrase in the feed offers many advantages to the livestock. Monogastric animals are typically able to digest around 90% of available starch, but carbohydrase helps them improve this percentage. Carbohydrase enzymes are also very effective in increasing the amount of energy made available from feed ingredients.

The microorganism segment, by source, is projected to dominate the feed enzymes market during the forecast period.

The microorganism segment dominated the market during the forecast period, owing to the higher use of these sources to extract feed enzymes. Microorganisms remain highly prominent and suitable hosts to produce stable and industrially important feed enzymes. Enzymes extracted from microorganisms are of great importance in the manufacturing of animal feed. Currently, molecular techniques, such as metagenomics and genomics, are used to discover microbial enzymes, which are used in the feed industry to improve feed quality.

Based on livestock, the swine segment is projected to be the second-largest market during the forecast period

After poultry, the swine segment dominates the feed enzymes market during the forecast period. Since swine livestock is unable to utilize all components of its diet fully, specific enzymes can be added to the feed to help break down complex carbohydrates, protein, and phytate, through carbohydrase, protease, and phytase. Carbohydrases are the most effective in the diet of starters. The main carbohydrate in the swine diet is glucose, provided by starch in corn. More than 95% of the starch in corn can be digested. However, not all carbohydrates in corn are starch. The more complex carbohydrates are called fibers and are not well-utilized by pigs. Enzymes enable the digestion of such unutilized fibers.

The recent COVID-19 pandemic is expected to impact the feed enzyme industry moderately. The entire supply chain is disrupted due to a limited supply of enzymes. Even though the demand for feed has been relatively stable, the supply has been significantly impacted by the COVID-19 pandemic. The movement restrictions and illnesses are resulting in labor shortages and reduced supply of raw materials. The disruption in supply routes has further led to delays in feed supply. However, the demand for feed enzymes in the livestock industry is likely to increase in the first and second quarters of the year 2020 as many farmers resorted to panic buying of feed additives in anticipation of potential shortages. Several concerns, such as international trade barriers, closure of restaurants, hotels, live animal markets, supply chain hindrances, consumption patterns of livestock-based products, have encouraged breeders to stock their feed supplies and feed enzymes. This has led to an increase in demand for feed enzymes during the first week of April 2020.

Feed Enzymes Market by Region

Asia Pacific is projected to witness the highest growth in the feed enzymes market during the forecast period.

In terms of value, the Asia Pacific market is projected to grow at the highest CAGR during the forecast period. Factors such as the presence of a large livestock population (FAO 2016) & their growth rate, the increase in the number of feed mills (which further reflects the growth in feed production, particularly in countries, such as, India and Japan), are projected to drive market growth in the coming years.

Key Market Players

Many domestic and global players provide feed enzymes to improve animal health and performance. Major manufacturers have their presence in the European and Asian countries. The key companies in the feed enzymes market are Cargill, Incorporated (US), BASF SE (Germany), DuPont (US), Bluestar Adisseo Co., Ltd. (China), Koninklijke DSM NV (Netherlands) and Kemin Industries, Inc.  Various strategies, such as expansions, mergers & acquisitions, and new product launches, were adopted by the key companies to remain competitive in the market.

Scope of the report

Report Metric

Details

Market size estimation

2017–2025

Base year considered

2019

Forecast period considered

2020–2025

Units considered

Value (USD) & Volume (KT)

Segments covered

Type, Livestock, Source, Form, and Region

Regions covered

North America, Asia Pacific, Europe, South America, and RoW

Companies studied

The major market players include BASF SE (Germany), DuPont (US), Koninklijke DSM NV (Netherlands), Bluestar Addisseo (China) and Cargill (US) (Total 25 companies)

The study categorizes the feed enzymes market based on type, livestock, source, form at the regional and global levels.

By Type

  • Phytase
  • Carbohydrase
  • Protease
  • Others (lipase, mannanase, and α-galactosidase)

By Livestock

  • Poultry
  • Swine
  • Ruminants
  • Aquatic animals
  • Others (equine and pets)

By Source

  • Microorganism
  • Plant
  • Animal

By Form

  • Dry
  • Liquid

By Region

  • Asia Pacific
  • Europe
  • North America
  • South America
  • Rest of the World

Recent Developments

  • In February 2020, BEC Feed Solutions set up a new manufacturing facility to redevelop and expand its Carole Park location. The new facility will feature a manufacturing plant equipped with integrated technology unique to the premix industry, a new warehouse, and adjoining contemporary two-storied office building.
  • In January 2020, Nutrex BE invested in a completely new base of operations in Olen that will house their new headquarters, innovation center and state‑of‑the‑art production facilities. The investment in Olen is needed to develop and produce new products and further expand production capacity.
  • In December 2019, Nutrex BE decided to merge with Agrimex, a supplier of high-quality additives, premixes, and raw materials to the animal feed industry in Europe, and would continue together with all their activities in the animal feed sector under the name Nutrex.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 33)
    1.1 OBJECTIVES OF THE STUDY
           1.1.1 MARKET INTELLIGENCE
           1.1.2 COMPETITIVE INTELLIGENCE
    1.2 MARKET DEFINITION
    1.3 STUDY SCOPE
        FIGURE 1 FEED ENZYMES MARKET SEGMENTATION
        FIGURE 2 REGIONAL SEGMENTATION
    1.4 PERIODIZATION CONSIDERED
    1.5 CURRENCY CONSIDERED
        TABLE 1 USD EXCHANGE RATES, 2014–2018
    1.6 UNITS CONSIDERED
    1.7 STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 37)
    2.1 RESEARCH DATA
        FIGURE 3 FEED ENZYMES MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
           2.1.2 PRIMARY DATA
                    2.1.2.1 Breakdown of Primary Interviews
                            FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION
    2.2 MARKET SIZE ESTIMATION
        FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
        FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.3 DATA TRIANGULATION
        FIGURE 7 DATA TRIANGULATION METHODOLOGY
    2.4 RESEARCH ASSUMPTIONS
    2.5 LIMITATIONS

3 EXECUTIVE SUMMARY (Page No. - 44)
  TABLE 2 FEED ENZYMES MARKET SNAPSHOT (VALUE), 2020 VS. 2025
  FIGURE 8 MARKET SIZE, BY TYPE, 2020 VS. 2025 (USD MILLION)
  FIGURE 9 MARKET SIZE, BY LIVESTOCK, 2020 VS. 2025 (USD MILLION)
  FIGURE 10 MARKET SIZE, BY SOURCE, 2020 VS. 2025 (USD MILLION)
  FIGURE 11 MARKET SHARE (VALUE), BY REGION, 2020

4 PREMIUM INSIGHTS (Page No. - 49)
    4.1 OPPORTUNITIES IN THE FEED ENZYMES MARKET
        FIGURE 12 GROWING CONCERNS REGARDING ANIMAL HEALTH AND NUTRIENT UPTAKE TO SUPPORT THE MARKET GROWTH
    4.2 FEED ENZYMES MARKET, BY TYPE AND REGION, 2020
        FIGURE 13 ASIA PACIFIC WAS THE MAJOR CONSUMER OF FEED ENZYMES ACROSS THE GLOBE IN 2020
    4.3 ASIA PACIFIC: FEED ENZYMES MARKET, BY LIVESTOCK AND COUNTRY, 2020
        FIGURE 14 CHINA WAS THE MAJOR CONSUMER OF FEED ENZYMES IN 2020, IN TERMS OF VALUE
    4.4 FEED ENZYMES MARKET, BY FORM, 2020
        FIGURE 15 FEED ENZYMES IN THE DRY FORM ARE ESTIMATED TO BE WIDELY CONSUMED IN 2020
    4.5 FEED ENZYMES MARKET, BY KEY COUNTRY, 2020
        FIGURE 16 US WAS THE DOMINANT MARKET FOR FEED ENZYMES IN 2020

5 MARKET OVERVIEW (Page No. - 53)
    5.1 INTRODUCTION
    5.2 MACROINDICATORS
           5.2.1 INCREASE IN FEED PRODUCTION
                 FIGURE 17 FEED PRODUCTION TREND, 2012–2017 (MILLION METRIC TON)
    5.3 MARKET DYNAMICS
        FIGURE 18 FEED ENZYMES MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.3.1 DRIVERS
                    5.3.1.1 Provision of feed cost-efficiency
                               5.3.1.1.1 Poultry
                               5.3.1.1.2 Ruminants
                               5.3.1.1.3 Swine
                               5.3.1.1.4 Aquatic animals
                               5.3.1.1.5 Pets
                    5.3.1.2 Increasing demand for animal-based products, such as meat products, dairy products, and eggs
                            FIGURE 19 GLOBAL MEAT DEMAND, 1980-2030 (KT)
                            FIGURE 20 GLOBAL PER CAPITA MEAT CONSUMPTION, 2016–2020 (POUND)
                            FIGURE 21 GLOBAL MILK PRODUCTION, 2015–2018 (MILLION TON)
                            FIGURE 22 GLOBAL CONSUMPTION OF ANIMAL-BASED PRODUCTS (1967–2030)
                               5.3.1.2.1 Improved meat quality or egg production
                               5.3.1.2.2 Improved animal health to increase the consumption of animal-based food products
                    5.3.1.3 Rise in the global demand for naturally produced feed and feed additives
           5.3.2 RESTRAINTS
                    5.3.2.1 Hydrolysis of cellulose remains difficult
                    5.3.2.2 Higher inclusion rates of enzymes may have negative effects
           5.3.3 OPPORTUNITIES
                    5.3.3.1 Innovation in phytase production processes
           5.3.4 CHALLENGES
                    5.3.4.1 High R&D investments
                    5.3.4.2 Thermostability of enzymes
                            FIGURE 23 EFFECT OF TEMPERATURE ON THE RATE OF ENZYME CATALYZATION
    5.4 COVID-19 PANDEMIC IMPACT
        FIGURE 24 CHART OF PRE & POST COVID SCENARIO IN THE FEED ENZYMES MARKET
    5.5 VALUE CHAIN
        FIGURE 25 FEED ENZYMES: VALUE CHAIN
    5.6 REGULATORY FRAMEWORK
           5.6.1 REGULATION 1831/2003 ON FEED ADDITIVES

6 FEED ENZYMES MARKET, BY FUNCTION (Page No. - 67)
    6.1 INTRODUCTION
    6.2 PERFORMANCE ENHANCEMENT
    6.3 FEED EFFICIENCY

7 FEED ENZYMES MARKET, BY TYPE (Page No. - 69)
    7.1 INTRODUCTION
        FIGURE 26 FEED ENZYMES MARKET SHARE, BY TYPE, 2020 VS. 2025
        TABLE 3 MARKET SIZE, BY TYPE, 2016-2019 (USD MILLION)
        TABLE 4 MARKET SIZE, BY TYPE, 2020-2025 (USD MILLION)
        TABLE 5 MARKET SIZE, BY TYPE, 2016-2019 (KT)
        TABLE 6 MARKET SIZE, BY TYPE, 2020-2025 (KT)
    7.2 PHYTASE
           7.2.1 PHYTASES HELP BREAK DOWN INDIGESTIBLE PHYTIC ACID AND RELEASE DIGESTIBLE PHOSPHORUS
                 TABLE 7 PHYTASE: MARKET SIZE, BY REGION, 2016-2019 (USD MILLION)
                 TABLE 8 PHYTASE: MARKET SIZE, BY REGION, 2020-2025 (USD MILLION)
                 TABLE 9 PHYTASE: MARKET SIZE, BY REGION, 2016-2019 (KT)
                 TABLE 10 PHYTASE: MARKET SIZE, BY REGION, 2020-2025 (KT)
    7.3 PROTEASE
           7.3.1 PROTEASE REDUCES NITROGEN EMISSION DURING LIVESTOCK PRODUCTION
                 TABLE 11 PROTEASE: MARKET SIZE, BY REGION, 2016-2019 (USD MILLION)
                 TABLE 12 PROTEASE: MARKET SIZE, BY REGION, 2020-2025 (USD MILLION)
                 TABLE 13 PROTEASE: MARKET SIZE, BY REGION, 2016-2019 (TON)
                 TABLE 14 PROTEASE: MARKET SIZE, BY REGION, 2020-2025 (TON)
    7.4 CARBOHYDRASE
           7.4.1 XYLANASE AND AMYLASE ARE THE MAJOR TYPES OF CARBOHYDRASE USED AS FEED ENZYMES
                 TABLE 15 CARBOHYDRASE: FEED ENZYMES MARKET SIZE, BY REGION, 2016-2019 (USD MILLION)
                 TABLE 16 CARBOHYDRASE: MARKET SIZE, BY REGION, 2020-2025 (USD MILLION)
                 TABLE 17 CARBOHYDRASE: MARKET SIZE, BY REGION, 2016-2019 (KT)
                 TABLE 18 CARBOHYDRASE: MARKET SIZE, BY REGION, 2020-2025 (KT)
           7.4.2 XYLANASE
           7.4.3 AMYLASE
           7.4.4 CELLULASE
           7.4.5 OTHER CARBOHYDRASES
                 TABLE 19 CARBOHYDRASE: MARKET SIZE, BY TYPE, 2016-2019 (USD MILLION)
                 TABLE 20 CARBOHYDRASE: MARKET SIZE, BY TYPE, 2020-2025 (USD MILLION)
    7.5 OTHERS
        TABLE 21 OTHERS: FEED ENZYMES MARKET SIZE, BY REGION, 2016-2019 (USD THOUSAND)
        TABLE 22 OTHERS: MARKET SIZE, BY REGION, 2020-2025 (USD THOUSAND)
        TABLE 23 OTHERS: MARKET SIZE, BY REGION, 2016-2019 (TON)
        TABLE 24 OTHERS: MARKET SIZE, BY REGION, 2020-2025 (TON)

8 FEED ENZYMES MARKET, BY SOURCE (Page No. - 81)
    8.1 INTRODUCTION
        FIGURE 27 FEED ENZYMES MARKET SHARE, BY SOURCE, 2020 VS. 2025
        TABLE 25 MARKET SIZE, BY SOURCE, 2016-2019 (USD MILLION)
        TABLE 26 MARKET SIZE, BY SOURCE, 2020-2025 (USD MILLION)
    8.2 MICROORGANISM
           8.2.1 MICROORGANISMS ARE THE MOST PREFERRED SOURCE OF FEED ENZYMES DUE TO HIGH STABILITY
                 TABLE 27 DIFFERENT ENZYMES PRODUCED BY MICROORGANISMS
                 TABLE 28 MICROORGANISM: FEED ENZYMES MARKET SIZE, BY REGION, 2016-2019 (USD MILLION)
                 TABLE 29 MICROORGANISM: MARKET SIZE, BY REGION, 2020-2025 (USD MILLION)
    8.3 PLANT
           8.3.1 PLANT-BASED FEED ENZYMES INCREASE PHYTATE BREAKDOWN, THUS AIDING IN THE RELEASE OF PHOSPHOROUS IN LIVESTOCK
                 TABLE 30 PLANT: FEED ENZYMES MARKET SIZE, BY REGION, 2016-2019 (USD MILLION)
                 TABLE 31 PLANT: MARKET SIZE, BY REGION, 2020-2025 (USD MILLION)
    8.4 ANIMAL
           8.4.1 ANIMAL-SOURCED FEED ENZYMES ARE THE LEAST PREFERRED BECAUSE OF THEIR INSTABILITY AND HIGH COST
                 TABLE 32 ANIMAL: MARKET SIZE, BY REGION, 2016-2019 (USD THOUSAND)
                 TABLE 33 ANIMAL: MARKET SIZE, BY REGION, 2020-2025 (USD THOUSANDS)

9 FEED ENZYMES MARKET, BY FORM (Page No. - 88)
    9.1 INTRODUCTION
        FIGURE 28 FEED ENZYMES MARKET SHARE, BY FORM, 2020 VS. 2025
        TABLE 34 MARKET SIZE, BY FORM, 2016-2019 (USD MILLION)
        TABLE 35 MARKET SIZE, BY FORM, 2020-2025 (USD MILLION)
    9.2 DRY
           9.2.1 EASE OF APPLICATION AND STORAGE MAKES IT A PREFERRED FORM
                 TABLE 36 DRY: MARKET SIZE, BY REGION, 2016-2019 (USD MILLION)
                 TABLE 37 DRY: MARKET SIZE, BY REGION, 2020-2025 (USD MILLION)
    9.3 LIQUID
           9.3.1 REQUIREMENT OF A SPECIAL APPARATUS FOR APPLICATION MAKES THE LIQUID FORM LESS ECONOMICAL THAN THE DRY FORM
                 TABLE 38 LIQUID: MARKET SIZE, BY REGION, 2016-2019 (USD MILLION)
                 TABLE 39 LIQUID: MARKET SIZE, BY REGION, 2020-2025 (USD MILLION)

10 FEED ENZYMES MARKET, BY LIVESTOCK (Page No. - 93)
     10.1 INTRODUCTION
     10.2 OPERATIONAL DRIVERS
             10.2.1 GROWTH IN LIVESTOCK SECTOR
                    FIGURE 29 GLOBAL LIVESTOCK PRODUCTION TRENDS, 2011-2017
             10.2.2 GROWTH IN THE COMPOUND FEED INDUSTRY
                    FIGURE 30 COMPOUND FEED PRODUCTION TRENDS IN THE EU (2011-2017)
                    FIGURE 31 FEED ENZYMES MARKET SHARE, BY LIVESTOCK, 2020 VS. 2025
                    TABLE 40 MARKET SIZE, BY LIVESTOCK, 2016-2019 (USD MILLION)
                    TABLE 41 MARKET SIZE, BY LIVESTOCK, 2020-2025 (USD MILLION)
     10.3 POULTRY
             10.3.1 POULTRY SEGMENT PROJECTED TO BE THE LARGEST DURING THE FORECAST PERIOD
                    TABLE 42 POULTRY: MARKET SIZE, BY REGION, 2016-2019 (USD MILLION)
                    TABLE 43 POULTRY: MARKET SIZE, BY REGION, 2020-2025 (USD MILLION)
             10.3.2 BROILERS
             10.3.3 TURKEYS
             10.3.4 LAYERS
             10.3.5 OTHERS
                    TABLE 44 POULTRY: MARKET SIZE, BY TYPE, 2016-2019 (USD MILLION)
                    TABLE 45 POULTRY: MARKET SIZE, BY TYPE, 2020-2025 (USD MILLION)
     10.4 SWINE
             10.4.1 FEED ENZYMES HELP IN THE BREAKDOWN OF COMPLEX CARBOHYDRATES, WHICH ARE NOT UTILIZED BY SWINE
                    TABLE 46 SWINE: MARKET SIZE, BY REGION, 2016-2019 (USD MILLION)
                    TABLE 47 SWINE: MARKET SIZE, BY REGION, 2020-2025 (USD MILLION)
             10.4.2 STARTER
             10.4.3 GROWER
             10.4.4 SOW
                    TABLE 48 SWINE: FEED ENZYMES MARKET SIZE, BY TYPE, 2016-2019 (USD MILLION)
                    TABLE 49 SWINE: FEED ENZYMES MARKET SIZE, BY TYPE, 2020-2025 (USD MILLION)
     10.5 RUMINANTS
             10.5.1 FEED ENZYMES ARE ADDED TO CATTLE DIETS TO ENHANCE MILK PRODUCTION AND IMPROVE FEED EFFICIENCY
                    TABLE 50 RUMINANTS: FEED ENZYMES MARKET SIZE, BY REGION, 2016-2019 (USD MILLION)
                    TABLE 51 RUMINANTS: FEED ENZYMES MARKET SIZE, BY REGION, 2020-2025 (USD MILLION)
             10.5.2 CALVES
             10.5.3 DAIRY CATTLE
             10.5.4 BEEF CATTLE
             10.5.5 OTHERS
                    TABLE 52 RUMINANTS: FEED ENZYMES MARKET SIZE, BY TYPE, 2016-2019 (USD MILLION)
                    TABLE 53 RUMINANTS: FEED ENZYMES MARKET SIZE, BY TYPE, 2020-2025 (USD MILLION)
     10.6 AQUATIC ANIMALS
             10.6.1 THE USE OF FEED ENZYMES IN FISH FEED HAS PROVIDED ENVIRONMENTAL BENEFITS AS WELL AS ENABLED THE USE OF LOWER-COST FEEDSTUFFS
                    TABLE 54 AQUATIC ANIMALS: FEED ENZYMES MARKET SIZE, BY REGION, 2016-2019 (USD THOUSAND)
                    TABLE 55 AQUATIC ANIMALS: FEED ENZYMES MARKET SIZE, BY REGION, 2020-2025 (USD MILLION)
     10.7 OTHERS
          TABLE 56 OTHER LIVESTOCK: FEED ENZYMES MARKET SIZE, BY REGION, 2016-2019 (USD THOUSAND)
          TABLE 57 OTHER LIVESTOCK: FEED ENZYMES MARKET SIZE, BY REGION, 2020-2025 (USD THOUSAND)
     10.8 IMPACT OF COVID-19 ON LIVESTOCK APPLICATION
             10.8.1 HIGHLY IMPACTED LIVESTOCK INDUSTRIES – POULTRY AND SWINE
             10.8.2 LEAST IMPACTED LIVESTOCK INDUSTRIES – RUMINANTS AND OTHERS

11 FEED ENZYMES MARKET, BY REGION (Page No. - 107)
     11.1 INTRODUCTION
          FIGURE 32 INDIA HELD THE LARGEST SHARE IN FEED ENZYMES MARKET DURING THE FORECAST PERIOD
          TABLE 58 MARKET SIZE, BY REGION, 2016-2019 (USD MILLION)
          TABLE 59 MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
     11.2 REGIONAL OPERATIONAL DRIVERS
             11.2.1 INCREASE IN CONSUMPTION OF DAIRY PRODUCTS AND MEAT GLOBALLY
          FIGURE 33 GLOBAL MEAT PRODUCTION, 1961-2018
             11.2.2 INCREASE IN LIVESTOCK POPULATION
          FIGURE 34 GLOBAL LIVESTOCK COUNT, 2000-2014
     11.3 IMPACT OF COVID-19 ON FEED ENZYMES ACROSS REGIONS
     11.4 NORTH AMERICA
          TABLE 60 NORTH AMERICA: FEED ENZYMES MARKET SIZE, BY COUNTRY, 2016-2019 (USD MILLION)
          TABLE 61 NORTH AMERICA: MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION)
          TABLE 62 NORTH AMERICA: MARKET SIZE, BY TYPE, 2016-2019 (USD MILLION)
          TABLE 63 NORTH AMERICA: MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION)
          TABLE 64 NORTH AMERICA: MARKET SIZE, BY TYPE, 2016-2019 (TON)
          TABLE 65 NORTH AMERICA: MARKET SIZE, BY TYPE, 2020–2025 (TON)
          TABLE 66 NORTH AMERICA: MARKET SIZE, BY LIVESTOCK, 2016-2019 (USD MILLION)
          TABLE 67 NORTH AMERICA: MARKET SIZE, BY LIVESTOCK, 2020–2025 (USD MILLION)
          TABLE 68 NORTH AMERICA: MARKET SIZE, BY SOURCE, 2016-2019 (USD MILLION)
          TABLE 69 NORTH AMERICA: MARKET SIZE, BY SOURCE, 2020–2025 (USD MILLION)
          TABLE 70 NORTH AMERICA: MARKET SIZE, BY FORM, 2016-2019 (USD MILLION)
          TABLE 71 NORTH AMERICA: MARKET SIZE, BY FORM, 2020–2025 (USD MILLION)
             11.4.1 US
                        11.4.1.1 With stringent government regulations for the production of feed, the US remains one of the major regions for feed enzymes
                                 TABLE 72 US: FEED ENZYMES MARKET SIZE, BY TYPE, 2016-2019 (USD MILLION)
                                 TABLE 73 US: MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION)
                                 TABLE 74 US: MARKET SIZE, BY TYPE, 2016-2019 (TON)
                                 TABLE 75 US: MARKET SIZE, BY TYPE, 2020–2025 (TON)
             11.4.2 CANADA
                        11.4.2.1 The rise in demand for meat products and the introduction of lenient regulations pertaining to the use of growth promoters in the country are factors that are projected to drive the growth of the market
                                 TABLE 76 CANADA: FEED ENZYMES MARKET SIZE, BY TYPE, 2016-2019 (USD THOUSAND)
                                 TABLE 77 CANADA: MARKET SIZE, BY TYPE, 2020–2025 (USD THOUSAND)
                                 TABLE 78 CANADA: MARKET SIZE, BY TYPE, 2016-2019 (TON)
                                 TABLE 79 CANADA: MARKET SIZE, BY TYPE, 2020–2025 (TON)
             11.4.3 MEXICO
                        11.4.3.1 Increasing support of government programs and the rise in livestock production to encourage the consumption of feed enzymes in the country
                                 TABLE 80 MEXICO: FEED ENZYMES MARKET SIZE, BY TYPE, 2016-2019 (USD THOUSAND)
                                 TABLE 81 MEXICO: MARKET SIZE, BY TYPE, 2020–2025 (USD THOUSAND)
                                 TABLE 82 MEXICO: MARKET SIZE, BY TYPE, 2016-2019 (TON)
                                 TABLE 83 MEXICO: MARKET SIZE, BY TYPE, 2020–2025 (TON)
     11.5 EUROPE
          TABLE 84 EUROPE: FEED ENZYMES MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
          TABLE 85 EUROPE: MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION)
          TABLE 86 EUROPE: MARKET SIZE, BY TYPE, 2016-2019 (USD MILLION)
          TABLE 87 EUROPE: MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION)
          TABLE 88 EUROPE: MARKET SIZE, BY TYPE, 2016-2019 (TON)
          TABLE 89 EUROPE: MARKET SIZE, BY TYPE, 2020–2025 (TON)
          TABLE 90 EUROPE: MARKET SIZE, BY LIVESTOCK, 2016-2019 (USD MILLION)
          TABLE 91 EUROPE: MARKET SIZE, BY LIVESTOCK, 2020–2025 (USD MILLION)
          TABLE 92 EUROPE: MARKET SIZE, BY SOURCE, 2016-2019 (USD THOUSAND)
          TABLE 93 EUROPE: MARKET SIZE, BY SOURCE, 2020–2025 (USD THOUSAND)
          TABLE 94 EUROPE: MARKET SIZE, BY FORM, 2016-2019 (USD MILLION)
          TABLE 95 EUROPE: MARKET SIZE, BY FORM, 2020–2025 (USD MILLION)
             11.5.1 RUSSIA
                        11.5.1.1 The Russian meat and pork industry has witnessed significant growth in recent years
                                 TABLE 96 RUSSIA: FEED ENZYMES MARKET SIZE, BY TYPE, 2016-2019 (USD THOUSAND)
                                 TABLE 97 RUSSIA: MARKET SIZE, BY TYPE, 2020–2025 (USD THOUSAND)
                                 TABLE 98 RUSSIA: MARKET SIZE, BY TYPE, 2016-2019 (TON)
                                 TABLE 99 RUSSIA: MARKET SIZE, BY TYPE, 2020–2025 (TON)
             11.5.2 SPAIN
                        11.5.2.1 Rise in the demand for meat and dairy products
                                 TABLE 100 SPAIN: FEED ENZYMES MARKET SIZE, BY TYPE, 2016-2019 (USD THOUSAND)
                                 TABLE 101 SPAIN: MARKET SIZE, BY TYPE, 2020–2025 (USD THOUSAND)
                                 TABLE 102 SPAIN: MARKET SIZE, BY TYPE, 2016-2019 (TON)
                                 TABLE 103 SPAIN: MARKET SIZE, BY TYPE, 2020–2025 (TON)
             11.5.3 GERMANY
                        11.5.3.1 Modernization of the livestock industry has resulted in the usage of scientific methods for the production of livestock
                                 TABLE 104 GERMANY: FEED ENZYMES MARKET SIZE, BY TYPE, 2016-2019 (USD THOUSAND)
                                 TABLE 105 GERMANY: MARKET SIZE, BY TYPE, 2020–2025 (USD THOUSAND)
                                 TABLE 106 GERMANY: MARKET SIZE, BY TYPE, 2016-2019 (TON)
                                 TABLE 107 GERMANY: MARKET SIZE, BY TYPE, 2020–2025 (TON)
             11.5.4 FRANCE
                        11.5.4.1 Domestic demand for meat products plays a vital role in the increasing demand for essential feed enzymes in livestock feed
                                 TABLE 108 FRANCE: FEED ENZYMES MARKET SIZE, BY TYPE, 2016-2019 (USD THOUSAND)
                                 TABLE 109 FRANCE: MARKET SIZE, BY TYPE, 2020–2025 (USD THOUSAND)
                                 TABLE 110 FRANCE: MARKET SIZE, BY TYPE, 2016-2019 (TON)
                                 TABLE 111 FRANCE: MARKET SIZE, BY TYPE, 2020–2025 (TON)
             11.5.5 ITALY
                        11.5.5.1 The country accounted for the fifth-largest share for feed enzymes in the region
                                 TABLE 112 ITALY: FEED ENZYMES MARKET SIZE, BY TYPE, 2016-2019 (USD THOUSAND)
                                 TABLE 113 ITALY: MARKET SIZE, BY TYPE, 2020–2025 (USD THOUSAND)
                                 TABLE 114 ITALY: MARKET SIZE, BY TYPE, 2016-2019 (TON)
                                 TABLE 115 ITALY: MARKET SIZE, BY TYPE, 2020–2025 (TON)
             11.5.6 UK
                        11.5.6.1 Adoption of mega-farms and intensive factory farming for cattle, poultry, and swine to drive the market growth of feed enzymes
                                 TABLE 116 UK: FEED ENZYMES MARKET SIZE, BY TYPE, 2016-2019 (USD THOUSAND)
                                 TABLE 117 UK: MARKET SIZE, BY TYPE, 2020–2025 (USD THOUSAND)
                                 TABLE 118 UK: MARKET SIZE, BY TYPE, 2016-2019 (TON)
                                 TABLE 119 UK: MARKET SIZE, BY TYPE, 2020–2025 (TON)
             11.5.7 REST OF EUROPE
                        11.5.7.1 Rising awareness about the benefits of feed enzymes among livestock growers
                                 TABLE 120 REST OF EUROPE: FEED ENZYMES MARKET SIZE, BY TYPE, 2016-2019 (USD THOUSAND)
                                 TABLE 121 REST OF EUROPE: MARKET SIZE, BY TYPE, 2020–2025 (USD THOUSAND)
                                 TABLE 122 REST OF EUROPE: MARKET SIZE, BY TYPE, 2016-2019 (TON)
                                 TABLE 123 REST OF EUROPE: MARKET SIZE, BY TYPE, 2020–2025 (TON)
     11.6 ASIA PACIFIC
          FIGURE 35 ASIA PACIFIC: FEED ENZYMES MARKET SNAPSHOT
          TABLE 124 ASIA PACIFIC: MARKET SIZE, BY COUNTRY, 2016-2019 (USD MILLION)
          TABLE 125 ASIA PACIFIC: MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION)
          TABLE 126 ASIA PACIFIC: MARKET SIZE, BY TYPE, 2016-2019 (USD MILLION)
          TABLE 127 ASIA PACIFIC: MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION)
          TABLE 128 ASIA PACIFIC: MARKET SIZE, BY TYPE, 2016-2019 (TON)
          TABLE 129 ASIA PACIFIC: MARKET SIZE, BY TYPE, 2020–2025 (TON)
          TABLE 130 ASIA PACIFIC: MARKET SIZE, BY LIVESTOCK, 2016-2019 (USD MILLION)
          TABLE 131 ASIA PACIFIC: MARKET SIZE, BY LIVESTOCK, 2020–2025 (USD MILLION)
          TABLE 132 ASIA PACIFIC: MARKET SIZE, BY SOURCE, 2016-2019 (USD MILLION)
          TABLE 133 ASIA PACIFIC: MARKET SIZE, BY SOURCE, 2020–2025 (USD MILLION)
          TABLE 134 ASIA PACIFIC: MARKET SIZE, BY FORM, 2016-2019 (USD MILLION)
          TABLE 135 ASIA PACIFIC: MARKET SIZE, BY FORM, 2020–2025 (USD MILLION)
             11.6.1 CHINA
                        11.6.1.1 Established players in the market are focusing on developing feed enzyme products
                                 TABLE 136 CHINA: FEED ENZYMES MARKET SIZE, BY TYPE, 2016-2019 (USD MILLION)
                                 TABLE 137 CHINA: MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION)
                                 TABLE 138 CHINA: MARKET SIZE, BY TYPE, 2016-2019 (TON)
                                 TABLE 139 CHINA: MARKET SIZE, BY TYPE, 2020–2025 (TON)
             11.6.2 INDIA
                        11.6.2.1 Availability of raw materials and a major destination for foreign companies
                                 TABLE 140 INDIA: FEED ENZYMES MARKET SIZE, BY TYPE, 2016-2019 (USD THOUSAND)
                                 TABLE 141 INDIA: MARKET SIZE, BY TYPE, 2020–2025 (USD THOUSAND)
                                 TABLE 142 INDIA: MARKET SIZE, BY TYPE, 2016-2019 (TON)
                                 TABLE 143 INDIA: MARKET SIZE, BY TYPE, 2020–2025 (TON)
             11.6.3 JAPAN
                        11.6.3.1 Stabilization in feed prices to drive the adoption of feed enzymes
                                 TABLE 144 JAPAN: FEED ENZYMES MARKET SIZE, BY TYPE, 2016-2019 (USD THOUSAND)
                                 TABLE 145 JAPAN: MARKET SIZE, BY TYPE, 2020–2025 (USD THOUSAND)
                                 TABLE 146 JAPAN:  MARKET SIZE, BY TYPE, 2016-2019 (TON)
                                 TABLE 147 JAPAN: MARKET SIZE, BY TYPE, 2020–2025 (TON)
             11.6.4 THAILAND
                        11.6.4.1 Wider opportunities in the poultry industry
                                 TABLE 148 THAILAND: FEED ENZYMES MARKET SIZE, BY TYPE, 2016-2019 (USD THOUSAND)
                                 TABLE 149 THAILAND: MARKET SIZE, BY TYPE, 2020–2025 (USD THOUSAND)
                                 TABLE 150 THAILAND: MARKET SIZE, BY TYPE, 2016-2019 (TON)
                                 TABLE 151 THAILAND: MARKET SIZE, BY TYPE, 2020–2025 (TON)
             11.6.5 INDONESIA
                        11.6.5.1 Increasing feed production to have a proportional impact on the consumption of feed enzymes
                                 TABLE 152 INDONESIA: FEED ENZYMES MARKET SIZE, BY TYPE, 2016-2019 (USD THOUSAND)
                                 TABLE 153 INDONESIA: MARKET SIZE, BY TYPE, 2020–2025 (USD THOUSAND)
                                 TABLE 154 INDONESIA: MARKET SIZE, BY TYPE, 2016-2019 (TON)
                                 TABLE 155 INDONESIA: MARKET SIZE, BY TYPE, 2020–2025 (TON)
             11.6.6 REST OF ASIA PACIFIC
                        11.6.6.1 Rising awareness regarding the importance of feed enzymes for livestock nutrition for good quality meat and other animal-based by-products
                                 TABLE 156 REST OF ASIA PACIFIC: MARKET SIZE, BY TYPE, 2016-2019 (USD THOUSAND)
                                 TABLE 157 REST OF ASIA PACIFIC: MARKET SIZE, BY TYPE, 2020–2025 (USD THOUSAND)
                                 TABLE 158 REST OF ASIA PACIFIC: MARKET SIZE, BY TYPE, 2016-2019 (TON)
                                 TABLE 159 REST OF ASIA PACIFIC: MARKET SIZE, BY TYPE, 2020–2025 (TON)
     11.7 SOUTH AMERICA
          TABLE 160 SOUTH AMERICA: FEED ENZYMES MARKET SIZE, BY COUNTRY, 2016-2019 (USD MILLION)
          TABLE 161 SOUTH AMERICA: MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION)
          TABLE 162 SOUTH AMERICA: MARKET SIZE, BY TYPE, 2016-2019 (USD MILLION)
          TABLE 163 SOUTH AMERICA: MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION)
          TABLE 164 SOUTH AMERICA: MARKET SIZE, BY TYPE, 2016-2019 (TON)
          TABLE 165 SOUTH AMERICA: MARKET SIZE, BY TYPE, 2020–2025 (TON)
          TABLE 166 SOUTH AMERICA: MARKET SIZE, BY LIVESTOCK, 2016-2019 (USD MILLION)
          TABLE 167 SOUTH AMERICA: MARKET SIZE, BY LIVESTOCK, 2020–2025 (USD MILLION)
          TABLE 168 SOUTH AMERICA: MARKET SIZE, BY SOURCE, 2016-2019 (USD THOUSAND)
          TABLE 169 SOUTH AMERICA: MARKET SIZE, BY SOURCE, 2020–2025 (USD THOUSAND)
          TABLE 170 SOUTH AMERICA: MARKET SIZE, BY FORM, 2016-2019 (USD MILLION)
          TABLE 171 SOUTH AMERICA: MARKET SIZE, BY FORM, 2020–2025 (USD MILLION)
             11.7.1 BRAZIL
                        11.7.1.1 High animal product exports to drive growth
                                 TABLE 172 BRAZIL: FEED ENZYMES MARKET SIZE, BY TYPE, 2016-2019 (USD THOUSAND)
                                 TABLE 173 BRAZIL: MARKET SIZE, BY TYPE, 2020–2025 (USD THOUSAND)
                                 TABLE 174 BRAZIL: MARKET SIZE, BY TYPE, 2016-2019 (TON)
                                 TABLE 175 BRAZIL: MARKET SIZE, BY TYPE, 2020–2025 (TON)
             11.7.2 ARGENTINA
                        11.7.2.1 The rise in the adoption of advanced technologies has led to the usage of additives, such as enzymes
                                 TABLE 176 ARGENTINA: FEED ENZYMES MARKET SIZE, BY TYPE, 2016-2019 (USD THOUSAND)
                                 TABLE 177 ARGENTINA: MARKET SIZE, BY TYPE, 2020–2025 (USD THOUSAND)
                                 TABLE 178 ARGENTINA: MARKET SIZE, BY TYPE, 2016-2019 (TON)
                                 TABLE 179 ARGENTINA: MARKET SIZE, BY TYPE, 2020–2025 (TON)
             11.7.3 REST OF SOUTH AMERICA
                    TABLE 180 REST OF SOUTH AMERICA: FEED ENZYMES MARKET SIZE, BY TYPE, 2016-2019 (USD THOUSAND)
                    TABLE 181 REST OF SOUTH AMERICA: MARKET SIZE, BY TYPE, 2020–2025 (USD THOUSAND)
                    TABLE 182 REST OF SOUTH AMERICA: MARKET SIZE, BY TYPE, 2016-2019 (TON)
                    TABLE 183 REST OF SOUTH AMERICA: MARKET SIZE, BY TYPE, 2020–2025 (TON)
     11.8 REST OF THE WORLD (ROW)
          TABLE 184 ROW: FEED ENZYMES MARKET SIZE, BY REGION, 2016-2019 (USD MILLION)
          TABLE 185 ROW: MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
          TABLE 186 ROW: MARKET SIZE, BY TYPE, 2016-2019 (USD THOUSAND)
          TABLE 187 ROW: MARKET SIZE, BY TYPE, 2020–2025 (USD THOUSAND)
          TABLE 188 ROW: MARKET SIZE, BY TYPE, 2016-2019 (TON)
          TABLE 189 ROW: MARKET SIZE, BY TYPE, 2020–2025 (TON)
          TABLE 190 ROW: MARKET SIZE, BY LIVESTOCK, 2016-2019 (USD THOUSAND)
          TABLE 191 ROW: MARKET SIZE, BY LIVESTOCK, 2020–2025 (USD THOUSAND)
          TABLE 192 ROW: MARKET SIZE, BY SOURCE, 2016-2019 (USD THOUSAND)
          TABLE 193 ROW: MARKET SIZE, BY SOURCE, 2020–2025 (USD THOUSAND)
          TABLE 194 ROW: MARKET SIZE, BY FORM, 2016-2019 (USD MILLION)
          TABLE 195 ROW: MARKET SIZE, BY FORM, 2020–2025 (USD MILLION)
             11.8.1 AFRICA
                        11.8.1.1 Increase in the presence of substantial livestock population in the region to drive the demand for feed enzymes
                                 TABLE 196 AFRICA: FEED ENZYMES MARKET SIZE, BY TYPE, 2016-2019 (USD THOUSAND)
                                 TABLE 197 AFRICA: MARKET SIZE, BY TYPE, 2020–2025 (USD THOUSAND)
                                 TABLE 198 AFRICA: MARKET SIZE, BY TYPE, 2016-2019 (TON)
                                 TABLE 199 AFRICA: MARKET SIZE, BY TYPE, 2020–2025 (TON)
             11.8.2 MIDDLE EAST
                        11.8.2.1 The rising meat consumption and improved performance in feed are factors driving the market
                                 TABLE 200 MIDDLE EAST: FEED ENZYMES MARKET SIZE, BY TYPE, 2016-2019 (USD THOUSAND)
                                 TABLE 201 MIDDLE EAST: MARKET SIZE, BY TYPE, 2020–2025 (USD THOUSAND)
                                 TABLE 202 MIDDLE EAST: MARKET SIZE, BY TYPE, 2016-2019 (TON)
                                 TABLE 203 MIDDLE EAST: MARKET SIZE, BY TYPE, 2020–2025 (TON)

12 COMPETITIVE LANDSCAPE (Page No. - 177)
     12.1 OVERVIEW
     12.2 COMPANY RANKING
          FIGURE 36 FEED ENZYMES: COMPANY RANKINGS, 2020
     12.3 COMPETITIVE LEADERSHIP MAPPING
             12.3.1 VISIONARY LEADERS
             12.3.2 INNOVATORS
             12.3.3 DYNAMIC DIFFERENTIATORS
             12.3.4 EMERGING COMPANIES
                    FIGURE 37 FEED ENZYMES MARKET: COMPETITIVE LEADERSHIP MAPPING, 2020
                    FIGURE 38 KEY DEVELOPMENTS OF THE LEADING PLAYERS IN THE FEED ENZYMES MARKET, 2017–2020
     12.4 COMPETITIVE LEADERSHIP MAPPING (FOR SMES/START-UPS)
             12.4.1 PROGRESSIVE COMPANIES
             12.4.2 STARTING BLOCKS
             12.4.3 RESPONSIVE COMPANIES
             12.4.4 DYNAMIC COMPANIES
                    FIGURE 39 FEED ENZYMES MARKET: COMPETITIVE LEADERSHIP MAPPING FOR SMES/START-UPS, 2020
     12.5 COMPETITIVE SCENARIO
             12.5.1 NEW PRODUCT LAUNCHES
                    TABLE 204 NEW PRODUCT LAUNCHES
             12.5.2 EXPANSIONS AND INVESTMENTS
                    TABLE 205 EXPANSIONS AND INVESTMENTS
             12.5.3 MERGERS & ACQUISITIONS
                    TABLE 206 MERGERS & ACQUISITIONS

13 COMPANY PROFILES (Page No. - 187)
(Business overview, Products offered, Recent Developments, SWOT analysis, Right to win)*
     13.1 BASF SE
          FIGURE 40 BASF SE: COMPANY SNAPSHOT
     13.2 DUPONT
          FIGURE 41 DUPONT: COMPANY SNAPSHOT
     13.3 KONINKLIJKE DSM N.V
          FIGURE 42 KONINKLIJKE DSM N.V: COMPANY SNAPSHOT
     13.4 BLUESTAR ADISSEO
          FIGURE 43 BLUESTAR ADISSEO: COMPANY SNAPSHOT
     13.5 CARGILL
          FIGURE 44 CARGILL INCORPORATED: COMPANY SNAPSHOT
     13.6 ASSOCIATED BRITISH FOODS PLC
          FIGURE 45 ASSOCIATED BRITISH FOODS PLC: COMPANY SNAPSHOT
     13.7 NOVOZYMES
          FIGURE 46 NOVOZYMES: COMPANY SNAPSHOT
     13.8 ADVANCED ENZYME TECHNOLOGIES
          FIGURE 47 ADVANCED ENZYME TECHNOLOGIES: COMPANY SNAPSHOT
     13.9 KEMIN INDUSTRIES, INC.
     13.10 NOVUS INTERNATIONAL INC.
     13.11 AZELIS HOLDINGS SA
     13.12 ALLTECH
     13.13 BIO CAT
     13.14 ROSSARI BIOTECH LTD.
     13.15 BIOVET JSC
     13.16 BEC FEED SOLUTIONS
     13.17 BIORESOURCE INTERNATIONAL INC.
     13.18 AMORVET
     13.19 NUTREX BE
     13.20 SUNSON INDUSTRY GROUP CO. LTD.
     13.21 ADM
           FIGURE 48 ADM: COMPANY SNAPSHOT
     13.22 AUM ENZYMES
     13.23 CAPRIENZYMES
     13.24 BIOPROTON PTY LTD.
     13.25 KARYOTICA BIOLOGICALS PVT. LTD.

*Details on Business overview, Products offered, Recent Developments, SWOT analysis, Right to win might not be captured in case of unlisted companies.

14 ADJACENT & RELATED MARKETS (Page No. - 241)
     14.1 INTRODUCTION
     14.2 LIMITATIONS
     14.3 FEED YEAST MARKET
             14.3.1 MARKET DEFINITION
             14.3.2 MARKET OVERVIEW
                    FIGURE 49 FEED YEAST MARKET IS PROJECTED TO RECORD HIGH GROWTH DURING THE FORECAST PERIOD
             14.3.3 FEED YEAST MARKET, BY TYPE
                        14.3.3.1 Introduction
                                 TABLE 207 FEED YEAST MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
                                 TABLE 208 FEED YEAST MARKET SIZE, BY TYPE, 2016–2023 (KT)
             14.3.4 FEED YEAST MARKET, BY REGION
                        14.3.4.1 North America
                                 TABLE 209 NORTH AMERICA: FEED YEAST MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
                                 TABLE 210 NORTH AMERICA: FEED YEAST MARKET SIZE, BY TYPE, 2016–2023 (KT)
                        14.3.4.2 Europe
                                 TABLE 211 EUROPE: FEED YEAST MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
                                 TABLE 212 EUROPE: FEED YEAST MARKET SIZE, BY TYPE, 2016–2023 (KT)
                        14.3.4.3 Asia Pacific
                                 TABLE 213 ASIA PACIFIC: FEED YEAST MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
                                 TABLE 214 ASIA PACIFIC: FEED YEAST MARKET SIZE, BY TYPE, 2016–2023 (KT)
                        14.3.4.4 South America
                                 TABLE 215 SOUTH AMERICA: FEED YEAST MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
                                 TABLE 216 SOUTH AMERICA: FEED YEAST MARKET SIZE, BY TYPE, 2016–2023 (KT)
                        14.3.4.5 Rest of the World (ROW)
                                 TABLE 217 ROW: FEED YEAST MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
                                 TABLE 218 ROW: FEED YEAST MARKET SIZE, BY TYPE, 2016–2023 (KT)
     14.4 PROBIOTICS MARKET
             14.4.1 MARKET DEFINITION
             14.4.2 MARKET OVERVIEW
                    FIGURE 50 PROBIOTICS MARKET IS ESTIMATED TO HAVE A HIGH GROWTH DURING THE FORECAST PERIOD
             14.4.3 PROBIOTICS MARKET, BY INGREDIENT
                    TABLE 219 PROBIOTICS MARKET SIZE, BY INGREDIENT, 2016–2023 (USD BILLION)
             14.4.4 PROBIOTICS MARKET, BY REGION
                    TABLE 220 PROBIOTICS MARKET SIZE, BY REGION, 2016–2023 (USD BILLION)
                        14.4.4.1 North America
                                 TABLE 221 NORTH AMERICA: PROBIOTICS MARKET SIZE, BY INGREDIENT, 2016–2023 (USD BILLION)
                        14.4.4.2 Europe
                                 TABLE 222 EUROPE: PROBIOTICS MARKET SIZE, BY INGREDIENT, 2016–2023 (USD BILLION)
                        14.4.4.3 Asia Pacific
                                 TABLE 223 ASIA PACIFIC: PROBIOTICS MARKET SIZE, BY INGREDIENT, 2016–2023 (USD BILLION)
                        14.4.4.4 Rest of the World (RoW)
                                 TABLE 224 ROW: PROBIOTICS MARKET SIZE, BY INGREDIENT, 2016–2023 (USD BILLION)

15 APPENDIX (Page No. - 257)
     15.1 DISCUSSION GUIDE
     15.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     15.3 AVAILABLE CUSTOMIZATIONS
     15.4 RELATED REPORTS
     15.5 AUTHOR DETAILS

The study involved four major activities in estimating the feed enzymes market size. Exhaustive secondary research was conducted to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both the top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and sub-segments.

Secondary Research

In the secondary research process, various secondary sources were referred to, to identify and collect information for this study. The secondary sources included annual reports, press releases, and investor presentations of companies, white papers, certified publications, articles from recognized authors, gold & silver standard websites, regulatory bodies, trade directories, and databases.

Secondary research was mainly used to obtain key information about the industry’s supply chain, the market’s monetary chain, the total pool of key players, market classification, and segmentation, according to industry trends to the bottom-most level and geographical markets. It was also used to obtain information on the key developments from a market-oriented perspective.

Primary Research

The market comprises several stakeholders, which include feed manufacturers, additive manufacturers & suppliers, animal nutritionists, feed enzyme manufacturers, raw material producers, and poultry farmers in the supply chain. Various primary sources from both the supply and demand sides of the feed enzymes market were interviewed to obtain qualitative and quantitative information. The primary interviewees from the demand side include research institutions, enzyme distributors and suppliers, government agencies, animal nutrition associations, and cooperative farm societies. The primary sources from the supply side include feed enzyme manufacturers, feed additive manufacturers, microbial extraction service providers, and key opinion leaders.

Feed Enzymes Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both the top-down and bottom-up approaches were used to estimate and validate the total size of the feed enzymes market. These methods were also used extensively to estimate the size of various sub-segments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and markets were identified through extensive secondary research.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
  • All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
  • The research included the study of reports, reviews, and newsletters of top market players, along with extensive interviews for opinions from leaders, such as CEOs, directors, and marketing executives.

Global Feed Enzymes Market Size: Bottom-Up Approach

Feed Enzymes Market Bottom-Up Approach

Data Triangulation

After arriving at the overall market size – using the market size estimation process, as explained above, the total market was split into several segments and sub-segments. To complete the overall market engineering process and to arrive at the exact statistics for each market segment and subsegment, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.

Report Objectives

  • To describe and forecast the feed enzymes market, in terms of type, livestock, source, form, and region
  • To describe and forecast the feed enzymes market, in terms of value and volume, by region–Asia Pacific, Europe, North America, South America, and the Rest of the World—along with their respective countries
  • To provide detailed information regarding the major factors influencing the market growth (drivers, restraints, opportunities, and challenges)
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
  • To study the complete value chain of feed enzymes
  • To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the feed enzymes market
  • To strategically profile the key players and comprehensively analyze their market positions, in terms of ranking and core competencies, along with detailing the competitive landscape for market leaders
  • To analyze strategic approaches, such as acquisitions, expansions, product launches, and agreements & partnerships, in the feed enzymes market
  • This research report categorizes the feed enzymes market based on type, livestock, source, form, and region.

Target Audience

  • Feed additive manufacturers and traders
  • Feed product distributors
  • Enzyme manufacturers and distributors
  • Feed manufacturers
  • Regulatory side: Concerned government authorities, commercial research & development (R&D) institutions, and other regulatory bodies
  • Associations and industry bodies: Food and Agriculture Organization (FAO), International Feed Industry Federation (IFIF), International Fishmeal and Fish Oil Organization (IFFO), Association of Poultry Processors, and EU Association of Specialty Feed Ingredients and their Mixtures (FEFANA)

Available Customizations

Based on the given market data, MarketsandMarkets offers customizations in the reports according to client-specific requirements. The available customization options are as follows:

Product Analysis

  • Product matrix, which provides a detailed comparison of the product portfolio of each company

Regional Analysis

  • Further country-wise breakdown of the market into Asia Pacific, Europe, and South America based on site of operation

Company Information

  • Detailed analysis and profiling of additional market players (Up to five)
Report Code
AGI 3382
Published ON
Jun, 2020
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